Sanibel Captiva Trust Company Inc. Has $47.76 Million Stock Holdings in Brookfield Co. (NYSE:BN)

Sanibel Captiva Trust Company Inc. cut its position in shares of Brookfield Co. (NYSE:BN) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 831,289 shares of the company’s stock after selling 18,989 shares during the quarter. Brookfield accounts for 1.5% of Sanibel Captiva Trust Company Inc.’s portfolio, making the stock its 15th biggest holding. Sanibel Captiva Trust Company Inc. owned approximately 0.06% of Brookfield worth $47,758,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. lifted its stake in Brookfield by 29.5% during the fourth quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company’s stock worth $56,000 after purchasing an additional 221 shares during the period. First Trust Direct Indexing L.P. lifted its position in shares of Brookfield by 2.9% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 10,374 shares of the company’s stock worth $551,000 after buying an additional 292 shares during the period. Caprock Group LLC boosted its stake in Brookfield by 2.5% in the 3rd quarter. Caprock Group LLC now owns 12,332 shares of the company’s stock valued at $655,000 after buying an additional 300 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Brookfield by 0.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 113,397 shares of the company’s stock valued at $6,027,000 after acquiring an additional 357 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Brookfield by 23.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,970 shares of the company’s stock valued at $113,000 after acquiring an additional 369 shares during the period. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Stock Performance

BN stock opened at $58.16 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.17 and a quick ratio of 1.03. Brookfield Co. has a fifty-two week low of $38.18 and a fifty-two week high of $62.44. The stock has a market capitalization of $87.73 billion, a PE ratio of 123.75 and a beta of 1.56. The company has a 50 day moving average price of $58.13 and a 200 day moving average price of $52.50.

Brookfield Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a dividend of $0.08 per share. The ex-dividend date was Monday, December 16th. This represents a $0.32 dividend on an annualized basis and a yield of 0.55%. Brookfield’s payout ratio is presently 68.09%.

Wall Street Analysts Forecast Growth

BN has been the topic of several analyst reports. Scotiabank upped their target price on shares of Brookfield from $65.00 to $69.00 and gave the stock a “sector outperform” rating in a report on Friday, November 15th. BMO Capital Markets reaffirmed an “outperform” rating and set a $62.00 price objective (up from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.31.

Brookfield Company Profile

Brookfield Corporation is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients.